New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-18
CLOSING PRICES or ca LIFORNIA STOCKS
-lN InINrIscn Oct II ~
MONDAY. Oct. 17-P. VI.

MONDAY Oct. 17-P. VI.
In view Of the events OF last week-the explained
passing Of the usual semi annual dividend by tho Bati
more and Ohio Railroad Company, and the demoraliza
on. not only with spectators but also with investors
by the speculative use made OF Mr. Depews ST. Louis
interview It seems he the proper thing for the
acements OF all the Vanderbilt lines including the Chi
cago and Northwestern Company, to make at tho earliest
possible date report OF their net earnings from the date
OF the last report October l. They cannot be
ignorant OF the fact that not few OF their stock
holders have been and still are dis
turbed by the misquoting OF Mr.. Dopew,
coming did quickly after the passing OF the Bal
tmore and Ohio dividend. Neither they he ignorant
OF the fact that the "hears in Wall Street are stll pick
Ing flaws in Mr. Depews very full denials OF having ut
tered the sentiments ascrbed to him. They demand the
facts Of what companies doing they do not want
theories but they do want 10 know what the net earn
ngs OF the Central and Hudson. the Lake Shore tho
Michigan Central the Canada Southern and the Chicago
and Northwestern have been down to the latest date
In view OF the fact that the principal representa-
tive OF the Vanderbilt interest. nnoeenty to be sure
did give To pessim-c spectators tho most ponderous
hammer thai they have had certainly ilstilles
the denaud. An official statement OF figures TO October
l will bc worth ten thousand explanations. The Penn
sylvania Railroad with its vast system and the Erie
Railroad with Its complicated system are able by tho
18th OF each month furnish the public with absolutely
reports down to the OF the preceding month";
There IL why all other railroads IN the country
cannot 10 the We have simply voiced tho common
sentiment Of conservaors In financial affairs, who also
demand foreign stockholders shall not be furnished
with Information which is withheld from American
stockholders
The stock market this morning opened steady in re-
spouse tho rmnsss shown IN Americans In the Lon
don market In some Instances the first figures ls
higher than Saturdays last prices. but Reading was
opened down II per mt at j9l2 Following the opening
one more sotlc attack made on values and by
large offerings Of contracts prsss were marked of N
per cent Reading sold down = per cent to 5s's, and
silly attempt was made 10 create scare By tho Satug-
days sellers days option calling for 10 per cent
depo. tho company. The attempt only created
amusement because the sellers held the option u de-
liver today or tomorrow Later the STOCK sold
nm IN COZ and closed at GOl, Tho
buyer, who were called upon put up the 10 pc, cent
probably will sleep more setenely In the knowledge
that the delivery o. the stock is secured 10y Ike deposit
OF 10 per cent on tho part of the sellers NeItts Read
ms g. PAM the active stock OF the day aud after
decline o. = per cen. from opening figures 10 6oa II
role 10 4o71. Southwestern was forced or u Ia
1884, ard later sold AZ LOG lO5i Lake shore sold ut
Oe-g aud then at 81 .. cosug strong AZ the price
There was good buyng Of Richmond aud West Point nc
2o7sa92s stocks Tor delivery were scarcor than
money Everything loaned at les. than the rate
Tor money. and New.York Central. Lake shore and
Reading stocks comma ndod premiums Tor use. Inc
marke. slow ~. yet surelyis "corncrng Itself chicago
dl not ran to soul ia usual qotso;" bear runors and
blue points on yet tho three RAILROADS oday
reporting earnings FOR the second week 81 october show
contnuou, gains on the large gains Of last year The
market closed strong.
Government bonds wcre dull and firm, with the bids
no a per ccai for thr & and q per cent Tor the lis
Aunc cj are the closing quo ta;ions: